US and China agree on plan to ease export controls
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President Donald Trump announced Friday that US and Chinese officials will meet in London on Monday to discuss trade between the two nations.
The first meeting of the China-US economic and trade consultation mechanism was held in London, Britain this week, which lasted two days. According to media reports, the second day of the talks stretched into the night on Tuesday (local time).
Top U.S. and Chinese officials were meeting in London on Monday to try to defuse a trade dispute that has widened from tariffs to restrictions over rare earths, threatening a global supply chain shock and slower economic growth.
As U.S. and Chinese negotiators meet for trade talks, a primary concern for Washington will be whether Beijing eases the flow of rare earth materials.